Question: I do not know how to even approach this question. Please help me solve this question. (P8) In the United Kingdom, the following tax rates

 I do not know how to even approach this question. Please I do not know how to even approach this question. Please help me solve this question.

help me solve this question. (P8) In the United Kingdom, the following

(P8) In the United Kingdom, the following tax rates have been implemented: Band Taxable Income Tax Rate Personal Allowance Basic rate Higher rate Additional rate Up to 11,500 11,501 to 45,000 45,001 to 150,000 Over 150,000 0% 20% 40% 45% Someone who earns 60,000 would have a marginal tax rate of 20 percent and an average tax rate of 21.16 percent You are earning 40,000 (pre-tax) in the banking sector working 30 hours in a 40-hour week. You have been offered a promotion where you would be making 80,000, but for a full 40-hour week (pre-tax). Working part time helped you avoid paying for childcare. Accepting the promotion would cost 1,500/month for childcare. How much more will you be making marginally? Should you take ine offer? P8) In the United Kingdom, the following tax rates have been implemented: Band Taxable Income Tax Rate Personal Allowance Up to 11,500 0% Basic rate 11,501 to 45,000 20% Higher rate 45,001 to 150,000 40% Additional rate Over 150,000 45% Someone who earns 60,000 would have a marginal tax rate of 20 percent and an average tax rate of 21.16 percent You are earning 40,000 (pre-tax) in the banking sector working 30 hours in a 40-hour week. You have been offered a promotion where you would be making 80,000, but for a full 40-hour week (pre-tax). Working part time helped you avoid paying for childcare. Accepting the promotion would cost 1,500/month for childcare. How much more will you be making marginally? Should you take the offer

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